The chairman of Arik Air, Johnson Arumemi-Ikide, has been told to provide a suitable debt recovery plan before Assets Management Corporation of Nigeria (AMCON) returns the airline to him.
Ahmed Kuru, the managing director (MD) of AMCON, said the government’s debt recovery agency took over Arik Air in February 2017 because of N300 billion in debt and mismanagement.
Kuru, in a report by NAN on Tuesday, said AMCON saved Arik Air from imminent collapse, as a resolution agency of the government, “looks forward to any obligor or debtor that wants to come to discuss repayment plan with us,” the MD said.
